To felicitate best insurance advisors and financial experts on international level, a trade association Million Dollar Round Table (MDRT) was formed in 1927.
MDRT members demonstrate exceptional professoinal knowledge, strict ethical conduct and outstanding client service.
MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.
Once you become MDRT agent, perspective of clients and other people get change i.e., From a person running after clients for his business to a family welfare
economist, advising them about the need and necessity of insurance and one who devises plans to meet their needs.
The difference is clearly same as in-
Tailor ⇒ Fashion Designer
Barber ⇒ Hair care Expert
Teacher ⇒ Faculty
MDRT conduct annual meetings which are held in North america, as well as in Asia each year, which is open to all members.
The condition to become MDRT agent changes each year on the basis of last year figures.
There are two more Elite group which are above MDRT:
First one is Court of table ( COT) which is equal to three times of MDRT
Second one is Top of table ( TOT) which is equal to six times of TOT
Its a great honour for LIC as it tops the list of MDRT producers in whole world.